Show CONDITION OF MONEY X Bank Statement Indicates Temporary Firmness I Bates Now York Feb 25 The weekly bank statement shows the following changes Surplus reserve decrease 4033925 loans increase J129C34CO specie increase 2 tX0 legal tenders decrease 1211600 deposits de-posits increase J13 401 30J circulation increase In-crease 81010 file banks now hold 30 gt 334 SOJ in excess of the requirements of the J3 per cent rule The financier says The bank statement state-ment for tho week Is remarkable In that I it shows an actual loss In cash the first noted for some weeks The decrease is I small but coupled ithT the extra requirements I re-quirements necebbitated by the expansion of nearly 1J50JOX In loans the result has been n decrease of 1000 COO In surplus sur-plus bringing that Item to 30330000 As I tho banks gained no cash the mIn m-In deposits amounting to J12303900 re fleets banking credits due to loan operations opera-tions Taken as it whole the statement does not fllf fer much from what had been expected The banks lost heavily last week to the Interior and they were alo debtors to the treasury Conservative estimates Imate had figured thee Hoses heavier ban shown bj the statement but the increases in loans and deposits on the other hand were large enough to bring about the predicted result Ihe increase In loans Is to be attributed to stock exchange ex-change requirements and in a lesser degree de-gree to the multitude of Industrial com ilnatlons now being effected A detailed analysis of the statement shows tint there has been more or less shifting of funds incident to special operations op-erations but the loans can b traced to five or six of tho largest banks I Is noteworthy that a institution which reports re-ports JGCvOOCJ additional loans shown a reduction of J4 000 000 In specie Incidents like these tend to make elucidation dif cult as so many factor enter Into the alculatIon that It Is almost impossible to race them In a larger sense however thE exhibit makes for firmness in money temporarily at least I is quite likely hat the statements of the past two weeks will ho repeated in more or less otall In the future and that unless rates arden perceptIbly the excess reserve wP rot be ncresised The extent of its reductions depends to a certain extent on the amount of money which will b withdrawn from this center for Interior needs on a continuance of present stock exchange transactions |